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[talking over each other] gerri: we will be right back with my "two cents more". and the answer to the question today. does president obama over toward another bailout? male announcer ] how do you trade? with scottrader streaming quotes, anyay you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it juslike having your own tradg floor, ght at your fingertips. [ rodger at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. maybe you want toincorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most stat with every personalized document to answer ques
[talking over each other] gerri: we will be right back with my "two cents more". and the answer to the question today. does president obama over toward another bailout? male announcer ] how do you trade? with scottrader streaming quotes, anyay you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it juslike having your own tradg floor, ght at your fingertips. [ rodger at scottrade, seven dollar trades are...
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Dec 5, 2012
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future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. p what i've suggested is let's essentially put a down payment on taxes. let's let tax rates on the upper income folks go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform, we look at what loopholes and deductions both democrats and republicans are willing to close, and it's possible that we may be able to lower rates by broadening the base at that points. >> in the meantime, now the gop is fighting with itself. speaker boehner is facing growing backlash from the more conservative wing of his party. at issue, the $800 billion in new tax revenue he proposed
future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. p what i've suggested is let's essentially...
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Dec 5, 2012
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the end of the month because right now, negotiations here are at a stand still. president obama talks to the business round table today after telling bloomberg he absolutely won't bunch. the wealthiest americans must pay more. >> we're not going to be able to get a deal without it. >> reporter: he may be in a good position to wait it out. a new poll found more half of americans will blame republicans if we go over the fiscal cliff. >> republicans do not want to touch one hair on the head of one person making over $250,000. that is the rub. >> they've got to come with some specific revenue. they refuse to do that. >> reporter: even other republicans are split on john boehner's plan to avoid tax hikes all together and admit negotiations are going nowhere. >> nothing going on privately that's not going on publicly. >> reporter: republicans say the president needs to meet them halfway. >> he's got to be serious. he's offered more spending, more stimulus than offering any new cuts. >> reporter: and they insist there's good reason why people making over $250,000 a year
the end of the month because right now, negotiations here are at a stand still. president obama talks to the business round table today after telling bloomberg he absolutely won't bunch. the wealthiest americans must pay more. >> we're not going to be able to get a deal without it. >> reporter: he may be in a good position to wait it out. a new poll found more half of americans will blame republicans if we go over the fiscal cliff. >> republicans do not want to touch one hair...
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Dec 5, 2012
12/12
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FOXNEWSW
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rights are taken away. ♪ ♪ >>> i'm bret baier in washington. the big story is order from the obama administration to pentagon to get ready for sequestration. tonight on "special report," for the first time, the defense department and other agencies are told to start planning for massive spending cuts that will automatically kick in, if a budget deal is not reached. we take look at what the specific cuts would do to the nation's defense capabilities. you heard a lot lately about possibly curtailing tax deductions as a way to raise revenue the president said republicans want to eliminate charitable deductions. we'll see if it's true to get the latest on the cliff negotiations. president and speaker boehner talked today by phone. syrian president bashar assad sent an envoy to several latin american nation to scout location for asylum. special senators from at 6:00 eastern. back to my colleagues with "the five." ♪ ♪ >> kimberly: treb story of the homeless man given boots from cop on cold night in new york city last month? it turns out he is not
rights are taken away. ♪ ♪ >>> i'm bret baier in washington. the big story is order from the obama administration to pentagon to get ready for sequestration. tonight on "special report," for the first time, the defense department and other agencies are told to start planning for massive spending cuts that will automatically kick in, if a budget deal is not reached. we take look at what the specific cuts would do to the nation's defense capabilities. you heard a lot lately...
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>> right here, yeah. >> jimmy: all right. all right. how is business? >> good, now that you're here. >> jimmy: so, i'm here for a reason, not just to get my hair cut. but i wanted to ask you guys some political questions. barack obama is winning the african-american vote by a margin of 94% to 3%. >> no kidding. >> jimmy: okay? so, the question i want to ask you is, what do you think mitt romney can do to get more of the black vote? >> turn black. >> he is drop out the race. >> jimmy: how many of you are planning to vote? >> we all are. >> jimmy: you all are? >> you're not? >> i can't right now. due to circumstances. in a couple years, i'll be all right. >> jimmy: so, mitt's not worried about you? >> nah. >> jimmy: quick show of hands. how many of you are mormon? really? [ laughter ] so, mitt romney said that his personal vice is chocolate milk. does that make you feel -- is that something? >> no, not at all. >> most black people are lactose intolerant. so, that's not even going to work. >> jimmy: is that true? >> it's very true. >> jimmy: really? what p
>> right here, yeah. >> jimmy: all right. all right. how is business? >> good, now that you're here. >> jimmy: so, i'm here for a reason, not just to get my hair cut. but i wanted to ask you guys some political questions. barack obama is winning the african-american vote by a margin of 94% to 3%. >> no kidding. >> jimmy: okay? so, the question i want to ask you is, what do you think mitt romney can do to get more of the black vote? >> turn black....
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Dec 5, 2012
12/12
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here i-94 to break them down for us is diane macedo from the fox business network. >> that's right. the irs is releasing the rules on how to implement the new taxes that will take effect in 2013 to help pay for the affordable care act. one of the main runs is 3.8 percent sir tax on the investment income. the first tax ever to be applied to capital gains and dividend income. it is a broad range of investment securities and those making thmore than 200,000 a ye and married couples making more than 250,000. they are set to pay a .9 percent healthcare tax on their wages. together the two taxes are supposed to raise 318 billion over ten years. over those years more and more people will be taking them because the income level triggered the taxes doesn't rise with inflation. any one planning to sell a house make more than 500,000 and those gains will also be taxed. they will release a new form for taxpayers to fill out. 1230 returns related to all of the new taxes. all of the rules make it harder for individuals to comply with the regulations. believe it or not experts say they still leave
here i-94 to break them down for us is diane macedo from the fox business network. >> that's right. the irs is releasing the rules on how to implement the new taxes that will take effect in 2013 to help pay for the affordable care act. one of the main runs is 3.8 percent sir tax on the investment income. the first tax ever to be applied to capital gains and dividend income. it is a broad range of investment securities and those making thmore than 200,000 a ye and married couples making...
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Dec 5, 2012
12/12
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i think there's no question that although president obama got less of the popular vote than he did the last time around, his electoral college numbers went up. he won. but the other thing that i would say to you governor, is senate republicans, the american people voted for the status quo. they kept the republicans running the majority in the house of representatives to keep a check on the executive branch and so while we did take a shellacking in the presidential election, we still have one of the houses of congress -- it is up to the congress to negotiate with the president. >> jennifer: i gotta stop you on that though because the democrats won the popular vote in the house races too by a million votes. yes, republicans maintained control. but they lost seats and a large reason why they maintain control is because of redistricting and gerrymandering. of course the republicans you all lost seats in the senate as well. i wouldn't say the people voted for the status quo. i think the people want to see washington get things done and not obstruct. but that's my opinion. >> we can both agr
i think there's no question that although president obama got less of the popular vote than he did the last time around, his electoral college numbers went up. he won. but the other thing that i would say to you governor, is senate republicans, the american people voted for the status quo. they kept the republicans running the majority in the house of representatives to keep a check on the executive branch and so while we did take a shellacking in the presidential election, we still have one of...
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thank you for joining us, "america live" begins right now. megyn: you take the car out, you have another hour before you get home. gregg jarrett tough on the teenage daughter. welcome, everybody. new pressure on president obama to take bold action on the controversial issue of global warming. welcome to "america live", i am megyn kelly. the nrdc has issued a groundbreaking proposal to cut pollution in america's power plants, saying that the epa can and should be used. rules for hundreds of existing power plants, bypassing congress altogether. this kind of proposal would obviously have huge economic impact that could spread across the industry that employ hundreds of thousands of americans. the coal industry. chris stirewalt is our digital politics editor and host of power play. this group has emitted this proposal and wants the epa to take control of these admissions in a way that president obama could not get through congress. he submitted his cap and trade proposal when the democrats controlled the house and senate. nancy pelosi got passed
thank you for joining us, "america live" begins right now. megyn: you take the car out, you have another hour before you get home. gregg jarrett tough on the teenage daughter. welcome, everybody. new pressure on president obama to take bold action on the controversial issue of global warming. welcome to "america live", i am megyn kelly. the nrdc has issued a groundbreaking proposal to cut pollution in america's power plants, saying that the epa can and should be used. rules...
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12/12
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CNNW
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who says president obama can't create jobs. there's one right there. he created a job. >> mitt romney has a new job. he's going back to work. he got a job at a marriott. how about that? mitt will be the guy when you're at the front desk arguing over your mini bar bill, mitt will be the guy that comes from out back, i understand there's some trouble. here, let me have a look at that. you know who's engaged? take a guess. hugh hefner. is this a rerun? isn't he always? always getting engaged.e hef admitted, i've fallen for her and i can't get up. >> she was looking forward to the ceremony. people saying are you talking about the wedding or a funeral? >> "early start" continues right now. >>> the manhundred is the over for the man accused of pushing another man inoncoming subway train. coming up, brand new video of the men arguing on the subway platform and "the new york post" cover that has the paper in hot water this morning. >>> plus, 133 people dead, killed in the massive typhoon that hit the philippines. complete details straight ahead. >>> we are ten
who says president obama can't create jobs. there's one right there. he created a job. >> mitt romney has a new job. he's going back to work. he got a job at a marriott. how about that? mitt will be the guy when you're at the front desk arguing over your mini bar bill, mitt will be the guy that comes from out back, i understand there's some trouble. here, let me have a look at that. you know who's engaged? take a guess. hugh hefner. is this a rerun? isn't he always? always getting...
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and later today, president obama will speak to corporate executives at the business roundtable. and he'll try to enlist their help in his negotiations with congressional republicans. and his latest demand, that congress remove its own power as it stands right now, to raise the debt ceiling. it is a bold gambit that congressional republicans are already calling a non-starter. paul ryan stepped back into the spotlight late tuesday, with a feisty shot at the president. >> i congratulate him on his victory. but on january 20th, he'll face a stagnant economy and a fiscal mess. you might even say he'll inherit these problems. >> reporter: there's a lot of bah humbug in washington, d.c. these days. 'tis the season to be surly. the president told bloomberg television that without tax rates going up on the wealthiest americans, there will be no deal to avert going over the fiscal cliff. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> reporter: house republicans are adamant, no tax rate increases. >> we're willing to
and later today, president obama will speak to corporate executives at the business roundtable. and he'll try to enlist their help in his negotiations with congressional republicans. and his latest demand, that congress remove its own power as it stands right now, to raise the debt ceiling. it is a bold gambit that congressional republicans are already calling a non-starter. paul ryan stepped back into the spotlight late tuesday, with a feisty shot at the president. >> i congratulate him...
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Dec 5, 2012
12/12
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CNBC
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i asked the mayors, they said we went to business and said, what do you need to make this right? and i wish the obama administration would -- >> indiana and illinois. >> the key thing for business competitivene competitiveness with regard to health care, it's the slowest on record. now, you could -- >> it's the recession. >> it could be. >> the slow growth -- >> that wouldn't explain all of it. it does feel like -- of course we need more data points. >> it sharply outpaces inflation. >> not in the last two years. >> it's come down. >> not if you are somebody who is at a small company who is -- >> business is -- the most important there is the growth in the cost of health care. if this is helping to bend the cost curve -- >> if you talk to small businesses, they are looking at double digit increases. the tale of two worlds here. >> people that are 45 -- >> talk to any business person, they're adjusting and the health care industry's adjusting. >> we've got to go. >> we should have a longer conversation on this. >> yes, absolutely. >>> coming up, more data still ahead. we'll get th
i asked the mayors, they said we went to business and said, what do you need to make this right? and i wish the obama administration would -- >> indiana and illinois. >> the key thing for business competitivene competitiveness with regard to health care, it's the slowest on record. now, you could -- >> it's the recession. >> it could be. >> the slow growth -- >> that wouldn't explain all of it. it does feel like -- of course we need more data points. >>...
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that just right now. >> yeah. that's what is unfortunately a missed opportunity because when they had the super committee, which was created after the last debt crisis that we had, they had this great opportunity to do something big, bold that would really equalize the tax code and as a way to have 4% growth that president bush was talk being earlier, how to establish that going forward. and yet, all they're doing really is just tinkering around the edges with not a definite sit reduction plan, but a plan that would raise rates on people that would pay for the government for about 8 1/2 days. it's really not enough and i think everybody is hungry for more. steve forbes had an idea before its time. unfortunately, president obama had a ton of political capital coming in initially. he could have done something big and bold like that and we could be on our way to a stronger economic recovery. >> steve: there is a lot of people who love the idea of a flat tax. but given the political dynamic in washington, d.c. where t
that just right now. >> yeah. that's what is unfortunately a missed opportunity because when they had the super committee, which was created after the last debt crisis that we had, they had this great opportunity to do something big, bold that would really equalize the tax code and as a way to have 4% growth that president bush was talk being earlier, how to establish that going forward. and yet, all they're doing really is just tinkering around the edges with not a definite sit reduction...